§ 36. Payments of estimated tax.– (a) General.– The estimated tax with respect to which a declaration is required shall be paid as follows: (1) If the declaration is filed on or before April fifteenth of the taxable year, the estimated tax shall be paid in four equal installments. The first installment shall be paid […]
§ 37. Extensions of time.–(a) General.–The administrator may grant a reasonable extension of time for payment of tax or estimated tax (or any installment), or for filing any return, declaration, statement, or other document required pursuant to this local law, on such terms and conditions as he may require. Except for a taxpayer who is […]
§ 38. Requirements concerning returns, notices, records and statements.–(a) General.–The administrator may prescribe regulations as to the keeping of records, the content and form of returns and statements, and the filing of copies of federal income tax returns and determinations. The administrator may require any person, by regulation or notice served upon such person, to […]
§ 39. Report of change in federal taxable income.–If the amount of a taxpayer’s federal taxable income reported on his federal income tax return for any taxable year is changed or corrected by the United States internal revenue service or other competent authority, or as the result of a renegotiation of a contract or subcontract […]
§ 4. Taxable years to which tax applies; tax for taxable years beginning prior to and ending after July first, nineteen hundred sixty-six.– (a) General.–The tax imposed by section two, with any modification permitted by subdivision (b) of this section, is imposed for each taxable year beginning with taxable years ending after July first, nineteen […]
§ 40. Change of election.– Any election expressly authorized by this local law, other than the election authorized by subdivision (g) of section twelve, may be changed on such terms and conditions as the administrator may prescribe by regulation.
§ 41. Declaration of estimated tax for taxable years beginning prior to the date this local law becomes effective.– Notwithstanding subdivision (d) of section thirty-five, no declaration of estimated tax required by subdivision (a) of such section need be filed until sixty days after the date this local law becomes effective.
§ 5. Accounting periods and methods.–(a) Accounting periods.–A taxpayer’s taxable year under this local law shall be the same as his taxable year for federal income tax purposes. (b) Change of accounting periods.–If a taxpayer’s taxable year is changed for federal income tax purposes, his taxable year for purposes of this local law shall be […]
§ 51. Requirement of withholding tax from wages.–(a) General.–On or after the first payroll period beginning forty-five days after the date this local law becomes effective, every employer maintaining an office or transacting business within this state and making payment of any wages taxable under this local law shall deduct and withhold from such wages […]
§ 52. Information statement for employee.– Every employer required to deduct and withhold tax under this local law from the wages of an employee, or who would have been required so to deduct and withhold tax if the employee had claimed no more than one withholding exemption, shall furnish to each such employee in respect […]
§ 53. Credit for tax withheld.– Wages upon which tax is required to be withheld shall be taxable under this local law as if no withholding were required, but any amount of tax actually deducted and withheld under this local law in any calendar year shall be deemed to have been paid to the administrator […]
§ 54. Employer’s return and payment of withheld taxes.–(a) General.– Every employer required to deduct and withhold tax under this local law shall, for each calendar month, on or before the fifteenth day of the month following the close of such calendar month, file a withholding return as prescribed by the administrator and pay over […]
§ 55. Employer’s liability for withheld taxes.– Every employer required to deduct and withhold tax under this local law is hereby made liable for such tax. For purposes of assessment and collection, any amount required to be withheld and paid over to the administrator, and any additions to tax, penalties and interest with respect thereto, […]
§ 56. Employer’s failure to withhold.–If an employer fails to deduct and withhold tax as required, and thereafter the tax against which such tax may be credited is paid, the tax so required to be deducted and withheld shall not be collected from the employer, but the employer shall not be relieved from liability for […]
§ 6. Resident and nonresident defined.–(a) Resident individual.–A resident individual means an individual: (1) who is domiciled in the city, unless he maintains no permanent place of abode in the city, maintains a permanent place of abode elsewhere, and spends in the aggregate not more than thirty days of the taxable year in the city, […]
§ 61. Notice of deficiency.–(a) General.–If upon examination of a taxpayer’s return under this local law the administrator determines that there is a deficiency of income tax, he may mail a notice of deficiency to the taxpayer. If a taxpayer fails to file an income tax return required under this local law, the administrator is […]
§ 62. Assessment.–(a) Assessment date.–The amount of tax which a return shows to be due, or the amount of tax which a return would have shown to be due but for a mathematical error, shall be deemed to be assessed on the date of filing of the return (including any amended return showing an increase […]
§ 63. Limitations on assessment.–(a) General.–Except as otherwise provided in this section, any tax under this local law shall be assessed within three years after the return was filed (whether or not such return was filed on or after the date prescribed). (b) Time return deemed filed.–(1) Early return.–For purposes of this section a return […]
§ 64. Interest on underpayment.–(a) General.–If any amount of income tax is not paid on or before the last date prescribed in this local law for payment, interest on such amount at the rate of six percentum per annum shall be paid for the period from such last date to the date paid, whether or […]
§ 65. Additions to tax and civil penalties.–(a) Failure to file tax return.–In case of failure to file a tax return under this local law on or before the prescribed date (determined with regard to any extension of time for filing), unless it is shown that such failure is due to reasonable cause and not […]
